Baytex Energy Corp T.BTE

U.S. Election

[Wortep]

Once the US election is completed we will be back to $80+ for a barrel of oil.

[HeavyBanana]

Sanctions on Iran will start to be enforced as soon as the election is decided in my estimation.

[Moemoney42]

Agreed, this election is creating a lot of "noise" but I'm still happy with the way things are going to plan.. if we can get a couple good months of crude near $80 for the rest of the year they could execute a SIB and grab a chunk of shares before the price is too high..??

[JohnnyDoe]

I think the Israelis might attack Iranian oil infrastructure after the election.  I sense they've been reluctant to do that during the election. Their last attack took out most of the Iranian defence mechanisms.  If they attack again with similar success, the oil infrastructure comes off line long term. The Israelis are happy and the Americans don't need sanctions

[Moemoney42]

Yeah, the sanctions never really worked anyways against Iran... just like diplomacy.. unfortunenately its the innocent that pay the price.. :-/

[lnggasfor202324]

Worked with Trump in power just not Biden.  If Biden would have stopped Iran over producing on their million barrell a day there wouldnt be a war over there now.  Way to go Biden the loser.

[riski]

Interesting speculation and it would make sense. I think the Israelis wanted to cripple Iran immediately, but have a handshake deal with the democrats to delay oil targets until after the election. Between the suspected supply/demand imbalance that has been misrepresentted and the active geopolitical problems, the upside risk to WTI exceeds $100 in the coming weeks. 

[coolfooldumbguy]

Once the elections are done it will be more important to the shareholders of oil and gas companies what the OPEC group of countries decides to do with the production quotas

[Antonyius]

Most OPEC countries need 75-80 oil for their government budget. What do you think they're going to do, flood the markets?

[AvInvestor]

Agreed, Saudis are playing a game to keep the Iraqis in line. 

[Kelvin]

Yeah well duh????? I got an ab7ndance of something in the ground which is getting scarcer every day and which everybody needs more and more every day and I'm gonna sell it off cheap?????? Nope. I'm gonna squeeze every penny out of my reserves by restricting supply. Unless I'm desperate for cash and need to sell off "the family jewels" real cheap. Who's desperate for cash?

[riski]

I think there is a lot of upside risk to the oil price following the election. There is reasonably good evidence that the Democrats have used a number of tactics to suppress WTI and those tactics can't be continued indefinitely without causing a massive supply-demand imbalance which is already likely much worse than what we understand. The political programs and policies will stop (not

[Nothingmatters]

Your wealth building opportunity talk has been going on for last two years